In the volatile world of cryptocurrency, rumors can move markets just as fast as regulation. But when a high-profile financial personality like Jim Cramer floats a theory about the U.S. government secretly buying the dip, the crypto community pays attention—usually to bet the opposite way.
This week, the crypto sphere was set ablaze by a bold claim from the Mad Money host, alleging that President Trump was actively purchasing Bitcoin at the $60,000 mark to fill a “U.S. Bitcoin Reserve.” However, leading industry outlet CoinDesk has swiftly moved to debunk this narrative, exposing the claim as factually baseless and seemingly derived from speculative hearsay rather than verifiable government disclosure.
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The Claim: “I Heard at $60K…”
The controversy began when Jim Cramer, known for his often polarized relationship with the crypto market, stated, “I heard at $60k he’s gonna fill the Bitcoin Reserve.” The “he” in question referred to President Trump, implying a strategic, state-level accumulation of Bitcoin to bolster national reserves during the recent market correction.
For a market hungry for bullish catalysts, the idea of a government floor at $60,000 is intoxicating. It suggests that the world’s largest economy is stepping in as a buyer of last resort, effectively putting a “price floor” under the asset. If true, this would validate the “Bitcoin as a strategic reserve asset” thesis that maximalists have championed for years.
However, as is often the case with Cramer’s “inside information,” the devil is in the details—or the lack thereof.
The Debunk: CoinDesk Separates Fact from Fiction
CoinDesk, along with other crypto-native investigative outlets, wasted no time in scrutinizing the claim. Their analysis revealed a stark lack of evidence to support the theory of a government buy wall at $60,000.
Several key factors dismantle the rumor:
- No Treasury Disclosures: U.S. government asset purchases are subject to rigorous transparency protocols. There have been no official Treasury Department announcements or congressional authorizations for such a purchase.
- Wallet Analysis: On-chain data analysts have not flagged any massive, identifiable government wallet inflows corresponding to the $60,000 price level. While large “whale” movements have occurred, they align more closely with private institutional accumulation and exchange cold wallet shuffles than federal acquisition.
- The “Cramer Effect”: The crypto community has long treated Cramer’s predictions as a counter-indicator. His claim arrived exactly as Bitcoin sentiment hit record lows, leading many contrarian traders to believe the bottom was indeed in—not because the government was buying, but because Cramer was talking.
Market Reality: The $60K Floor and the Bounce
While the government purchase rumor appears false, the $60,000 price level did indeed serve as a critical pivot point for the market—just not for the reasons Cramer suggested.
Real-Time Market Data (February 10, 2026): After touching a 52-week intraday low of roughly $60,057 on February 6, Bitcoin (BTC/USDT) has staged a fierce recovery. As of writing, BTC is trading near $70,750, marking a significant bounce from the lows.
- Current Price: ~$70,753
- 24h Change: -0.06% (Consolidating after recovery)
- 52-Week High: ~$126,272 (Oct 2025)
The recovery was driven not by a secret government bid, but by organic market mechanics. The drop to $60K triggered a liquidity flush, wiping out over-leveraged long positions and allowing opportunistic retail and institutional investors to “buy the blood.”
The Danger of False Narratives
The “Cramer dip-buy” rumor highlights a persistent vulnerability in the crypto ecosystem: the speed at which unverified information travels. In an era where algorithms scrape headlines for trading signals, a single comment from a mainstream financial pundit can trigger millions of dollars in automated volume before the truth puts its boots on.
For the retail investor, the lesson is clear. The $60K support level held because it was a zone of high historical demand, not because of a secret executive order. Relying on “heard on the street” rumors from traditional finance personalities remains a high-risk strategy in the cryptographic age.
Next Steps for Investors: Disregard the noise of “secret government buyers” and focus on on-chain data. Monitor the $68,400 support level; if BTC holds above this during the current consolidation, the recovery to $75K may continue regardless of what the pundits say.
Disclaimer: This post is a compilation of publicly available information. MEXC does not verify or guarantee the accuracy of third-party content. Readers should conduct their own research before making any investment or participation decisions.
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